If you're looking to buy GameStop stock (GME) using Vanguard, you'll be happy to know that the process is simple and straightforward.
In this article, we'll take you through the steps to purchase GME using Vanguard's trading platform.
To get started, log in to your Vanguard account and navigate to the My Accounts tab.
From there, select Buy & Sell to access the trade order form.
Choose the option to Trade ETFs & Stocks, which will take you to the trade order form.
All buy orders will execute using your selected account's funds available to trade.
If you have multiple accounts, you'll need to select the account you want to use for this transaction.
The account selector will show you a list of your accounts. Selecting an account will display your Funds Available to Trade in the Balances section in the upper right of the page.
Selecting Show Details within the Balances section reveals additional account balance information.
Next, select Buy, and enter the ticker symbol for GameStop stock, GME.
At this time, only Vanguard ETFs can be traded in specific dollar amounts.
If you're not sure of the ticker symbol, you can select Search by Keyword to find what you're looking for.
Once you've selected GME, the page will display a real-time quote with the latest price information along with any share amount you currently hold.
After selecting GME, enter the number of shares you want to purchase.
If you want to determine how many shares you can buy based on the amount you have to spend, select Calculate Dollars to Shares located under the number of shares field.
Select an Order Type for your trade.
While market orders don't require additional selections, you'll need to set both pricing and trade duration for non-market orders.
You can get guidance about the different order types available along with other parts of the form by selecting the "?" icon next to each respective field.
Review the trade details in the lower right portion of the screen. All ETF and stock trades are commission-free.
If you're satisfied with the trade you've built, select Preview Order to view a summary of your order.
Note that selecting Preview Order will initiate a review to ensure your order is accurate and there are no issues that you need to resolve.
Selecting Preview does not mean you're submitting the order.
You'll still have a chance to review the order and make any changes.
Review the order summary on the Preview and Submit page.
You'll notice the real-time quote has refreshed with the latest price information. Be sure to read the language above the Submit Order button as this information offers some key details about your order.
To make changes to your order, select Edit.
When you're ready to proceed with your purchase, select Submit Order.
You'll be taken to a Confirmation screen that will show a detailed summary of your order.
You'll notice an order confirmation number at the top of the summary, updated balances information, including the value of any open buy limit orders.
Also, the What happens next section has important information about the execution of your order.
Now that your order is complete, you'll see your recently completed trade in the list of open orders. To check the status of any pending orders, select the Order status link.
In conclusion, buying GameStop stock (GME) using Vanguard is a simple process that can be done in just a few steps.
Vanguard's intuitive and user-friendly platform makes it easy to buy GameStop stock and other securities commission-free.
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